Payment Service Providers (PSPs) are financial technology companies that offer businesses the ability to accept electronic payments through various methods, including credit cards, bank transfers, and digital wallets. They handle the technical connections to payment networks, manage transaction security, and facilitate the settlement of funds. In the context of digital assets, PSPs are increasingly offering solutions for accepting and converting cryptocurrencies. They serve as intermediaries for digital transactions.
Context
PSPs play a crucial role in bridging the gap between traditional financial systems and the emerging digital asset economy. Their services are essential for merchants and businesses seeking to accept cryptocurrencies without directly managing the underlying blockchain technology. Regulatory frameworks for PSPs handling digital assets are a key area of development, influencing their operational scope and compliance requirements.
Integrating BitPay into the Payments Orchestration Platform enables merchants to accept digital assets, mitigating FX risk and capturing a new global customer segment.
Integrating stablecoin rails into the Payments Orchestration Platform cuts B2B cross-border friction, optimizing treasury liquidity and settlement velocity for global merchants.
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